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AUDITING

Crow Shields Bailey’s auditing services provide the highest level of assurance for our client’s financial statements. Our audit team has strong experience and expertise in a broad range of industries, which allows us to support Gulf Coast businesses, employee benefit plans, nonprofits and condominium associations with accurately audited financial statements.

As a locally owned firm, CSB is able to take the time to truly understand our clients’ businesses. Our audits provide companies with an independent verification of accounting compliance information so you can confidently report back to your stakeholders.

In accordance with the American Institute of Certified Public Accountants (AICPA) standards and as a member of the AICPA, the AICPA Employee Benefit Plan Audit Quality Center, and the Alabama Society of CPAs, our firm performs high-quality audits of our clients’ financial statements using an industry-specific, risk-based approach. Each year our CPAs and other professionals participate in a minimum of 40 hours of relevant continuing education to ensure that you receive the highest quality professional service.

To learn more about our trusted auditing services, contact one of Crow Shield Bailey’s experts today.

COMPILATIONS AND REVIEWS

For clients who need CPA-prepared financial statements but do not require an audit, Crow Shields Bailey offers compilation and review services. These services are performed under AICPA Statements on Standards for Accounting and Review Services.

In a compilation, the CPA issues a report stating that the compilation was performed in accordance with professional standards but expresses no assurance that the statements are in accordance with the applicable accounting framework. Compiled financial statements are often prepared for privately-held entities that do not need a higher level of assurance expressed by the CPA.

In a review, the CPA performs inquiry and analytical procedures and issues a report expressing limited assurance that the CPA did not become aware of any material modifications that should be made to the financial statements to be in accordance with the applicable accounting framework. Reviewed financial statements are often prepared to report to regulatory agencies, creditors or other users who do not require audited financial statements.

For more information on our compilation and review services, please contact us today.